London-based A&O Partner Paul Nelson explained the significance of the deal: “It’s an exciting time for the aviation financing market with innovative and ground-breaking deals happening in many jurisdictions. This is particularly interesting as it is the first EETC issued by a Turkish airline. Although we are seeing large pockets of bank liquidity and reduced commercial debt pricing, the capital markets remain an attractive source of large scale financing, whether in the EETC, the ABS or the ECA supported markets.”

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